LD Capital Macro Commentary (10.16): The outbreak of the Middle East conflict, how to view the current increase in geopolitical risks?
The Middle East conflict has exceeded market expectations and shows signs of escalation. The market exhibited a clear risk-averse attitude in the latter half of last week, leading to a repricing. During this period, the U.S. 30-year Treasury bond auction was lukewarm, and yields rose at one point, but could not withstand the impact of geopolitical conflicts. Ultimately, long-term yields fell significantly over the week, the stock market declined, gold, silver, and oil surged, while cryptocurrencies dropped.
